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What is a gilt?

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

The official document a company publishes before selling shares to the public. Long, detailed, and worth a read.

Mutual funds and investment trusts are priced on their net asset value (NAV).

A summary of a company's income and expenses over a set period of time.

The increase in the prices of goods and services over time, and the process by which money loses its value.

What is a zero coupon bond?

A mathematical test used to determine whether a claim is true or false.